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Sat Jul 16, 2016, 10:54 AM

Stiflingly economy?

Look at the stock exchange? It is all time high!

8 replies, 660 views

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Reply Stiflingly economy? (Original post)
imanamerican63 Jul 2016 OP
onecaliberal Jul 2016 #1
imanamerican63 Jul 2016 #2
uponit7771 Jul 2016 #3
Wellstone ruled Jul 2016 #4
imanamerican63 Jul 2016 #5
Exilednight Jul 2016 #6
Nye Bevan Jul 2016 #8
seabeckind Jul 2016 #7

Response to imanamerican63 (Original post)

Sat Jul 16, 2016, 10:56 AM

1. They have to spew that shit for benefit of the dumb fucks who vote for them.

What were you expecting. Trump also said US is highest taxed country in the world which is complete bullshit. Almost everything he said is a complete lie. Never thought we'd see worse than mitt but here it is.

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Response to onecaliberal (Reply #1)

Sat Jul 16, 2016, 11:01 AM

2. Yeah! I know!

Fact checking, myself!

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Response to imanamerican63 (Original post)

Sat Jul 16, 2016, 11:07 AM

3. +1, UE rate at 4.9 and wages climbing again... they want more of the Bush economy

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Response to imanamerican63 (Original post)

Sat Jul 16, 2016, 11:19 AM

4. Remember this,

 

the Dow Industrial Average is weighted towards Banks and Tech. Just checked to see just how much real gain has happened. Throw out the Dow,and we are about the same as October of 2014. As Liz Warren says,the game is so rigged. More and more articles appearing in negative as to the effect of 401 k and IRA's having a undesired affects on retirements. Defined Pensions proved to be much more effective as a retirement tool than these non traditional forms of Pensions.

Until transparency of Wall Street happens,we will continue to see propaganda about the so called job creators. The true job creator is you and I. The rest is pure BullPuppy.
This is the DU member formerly known as Wellstone ruled.

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Response to Wellstone ruled (Reply #4)

Sat Jul 16, 2016, 11:20 AM

5. True!

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Response to imanamerican63 (Original post)

Sat Jul 16, 2016, 11:32 AM

6. The markets are not the economy, nor are they an accurate

Reflection of where the economy is going.

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Response to Exilednight (Reply #6)

Sat Jul 16, 2016, 12:29 PM

8. So it was just a coincidence that the stockmarket crash of 1929 presaged the Great Depression? (nt)

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Response to imanamerican63 (Original post)

Sat Jul 16, 2016, 12:23 PM

7. The stock market economy and the actual economy parted ways

Happened about 30 years ago. Since then wages have been pretty flat. Jobs were created but they didn't get to share in all those dollars the company was making.

The big corps quit innovating to a great extent. They went into the money business.

There was an earlier thread about this:

Paul Krugman: “What’s good for the Dow isn’t good for America” http://www.democraticunderground.com/10028015438

... the stock market’s gains paradoxically “reflect economic weaknesses, not strengths.”

The first, and arguably most significant, is that stock prices reflect corporate profits, not personal incomes. The second is that they reflect little more than the availability of investments, and the third is simply that there is very little relation anymore between stock prices and actual investment.
...
these days profits often seem to bear little relationship to investment in new capacity. Instead, profits come from some kind of market power — brand position, the advantages of an established network, or good old-fashioned monopoly. And companies making profits from such power can simultaneously have high stock prices and little reason to spend.

Consider the fact that the three most valuable companies in America are Apple, Google and Microsoft. None of the three spends large sums on bricks and mortar. In fact, all three are sitting on huge reserves of cash. When interest rates go down, they don’t have much incentive to spend more on expanding their businesses; they just keep raking in earnings, and the public becomes willing to pay more for a piece of those earnings…

http://www.salon.com/2016/07/15/paul_krugman_whats_good_for_the_dow_isnt_good_for_america/

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